Columbus McKinnon (CMCO) Projected to Post Earnings on Wednesday

Columbus McKinnon (NASDAQ:CMCO) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $252,200.00 billion for the quarter.

Columbus McKinnon Stock Performance

CMCO stock opened at $36.88 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. Columbus McKinnon has a 1-year low of $29.26 and a 1-year high of $45.84. The business has a 50-day moving average price of $37.56 and a 200 day moving average price of $35.41. The company has a market capitalization of $1.06 billion, a P/E ratio of 69.58 and a beta of 1.24.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 7th will be given a $0.07 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Columbus McKinnon’s payout ratio is presently 52.83%.

Insider Buying and Selling at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the acquisition, the director now owns 6,014 shares in the company, valued at $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David J. Wilson purchased 31,300 shares of Columbus McKinnon stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.